Disaster: Start-Up NY Created Only 722 Net New Jobs

The 156 companies participating in New York’s Start-Up NY program have created 722 new jobs since the program began in 2014, in exchange for the opportunity to operate tax-free for 10 years.

Three of those companies are in Central New York. They have created 52 new jobs, up from just nine the year before , according to a report today from Empire State Development Corp., the state economic development agency.

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Critics point out that the state also has spent more than $50 million to advertise incentive programs including Start-Up NY.

Today’s report indicates that “the end may be near” for Start-Up NY, asserted Ken Girardin , of the fiscally conservative Empire Center.

Girardin said the number of five-year job commitments from participants barely increased from a year ago, an indication that the program has stalled. In addition, the rate of job growth in 2016 was slightly slower than the year before.

About the AuthorRusty Weiss

Rusty Weiss is a freelance journalist focusing on the conservative movement and its political agenda. He has been writing conservatively charged articles for several years in the upstate New York area, and his writings have appeared in the Daily Caller, American Thinker, FoxNews.com, Big Government, the Times Union, and the Troy Record. He is also Editor of one of the top conservative blogs of 2012, the Mental Recession.